Azerbaijan's contribution to the global efforts to combat climate change, as well as the use of modern technologies in electricity production, have reduced greenhouse gas emissions, Azerbaijani Energy Minister Parviz Shahbazov said.
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The signing ceremony of the "Investment Agreement", "Energy Purchase and Sale Agreement" and "Agreement on Connection to the Transmission Grid" on the 240 MW wind farm project was held between the Azerbaijani Ministry of Energy and Saudi Arabia’s Acwa Power company, as well as between Acwa Power company and Azerbaijan’s Azerenergy OJSC, Trend reports.
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Azerbaijan is taking important steps to accelerate the development of alternative energy, Azerbaijani Energy Minister Parviz Shahbazov said.
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During the 10th Extraordinary OPEC and non-OPEC Ministerial Meeting, a historic agreement was reached for oil producers, consumers of oil, and the global economy as a whole, Trend reports on April 13 referring to the Azerbaijani Ministry of Energy.
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As of March 2020, daily oil production in Azerbaijan amounted to 763.9 thousand barrels, Azerbaijan's Energy Ministry announced on April 8.
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The 12th meeting of the intergovernmental commission on economic cooperation between Azerbaijan and Ukraine has been recently held in Kyiv, Trend reports referring to the Azerbaijani Ministry of Energy.
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The trade turnover between Azerbaijan and Italy increased by 10,5 percent in the period of January-September year-on-year in 2019, Azerbaijan’s Energy Minister Parviz Shahbazov has said.
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Implementation of measures necessary to carry out reforms in Azerbaijan’s energy sector continues in accordance with the order of the head of state.
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Azerbaijan's Energy Ministry, with financial and technical support from the Asian Development Bank, is implementing a pilot project on the exchange of knowledge and technical support for the development of floating solar panels, Zaur Mammadov, the head of the ministry's office, told Trend.
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Azerbaijan and Russia cooperate in a number of spheres with energy cooperation being one of the leading directions of this strategic partnership.
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